House Republicans unveiled a budget resolution aiming to slash $2 trillion from federal spending. The proposal directs various committees to implement spending reductions, including the Committee on Energy and Commerce ($880 billion) and the Committee on Agriculture ($230 billion). Alongside cuts, the plan includes $4.5 trillion in tax cuts and a $4 trillion debt ceiling increase.
House Republicans on Wednesday released a new budget resolution which would cut $2 trillion from the federal checkbook.
Also included in the proposal are $4.5 trillion in tax cuts and a $4 trillion debt ceiling increase. The House Budget Committee is slated to consider the plan Thursday. “There will be ongoing debates and discussions in the coming weeks, and we remain focused on working through the process to deliver on our promises made to the American people,” he added. “There’s still much work to be done, but we are starting on the right path.”
BUDGET FEDERAL SPENDING TAX CUTS DEBT CEILING CONGRESS
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